Bolivia - Imports of goods and services (% of GDP)

Imports of goods and services (% of GDP) in Bolivia was 25.30 as of 2020. Its highest value over the past 60 years was 41.97 in 2014, while its lowest value was 22.52 in 1980.

Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 23.93
1961 23.34
1962 25.61
1963 26.34
1964 23.47
1965 26.69
1966 26.48
1967 26.02
1968 24.04
1969 23.25
1970 24.36
1971 24.40
1972 24.02
1973 28.32
1974 26.80
1975 32.22
1976 29.89
1977 29.64
1978 30.11
1979 27.40
1980 22.52
1981 22.92
1982 29.33
1983 24.04
1984 25.82
1985 22.84
1986 25.71
1987 24.13
1988 23.14
1989 23.16
1990 23.93
1991 26.97
1992 29.07
1993 28.39
1994 27.20
1995 27.19
1996 27.27
1997 29.36
1998 32.58
1999 27.29
2000 27.32
2001 25.26
2002 27.72
2003 26.37
2004 26.33
2005 32.09
2006 32.77
2007 34.27
2008 37.96
2009 32.90
2010 34.32
2011 38.39
2012 37.78
2013 37.14
2014 41.97
2015 37.06
2016 31.91
2017 31.80
2018 31.12
2019 31.43
2020 25.30

Limitations and Exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics.

Statistical Concept and Methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts